Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 91.1 to 81.5.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
TOWN HOTEL from Sint-Joost-ten-Node, company number BE0437378839, closed financial year 2025 with a result of € -267,192 after tax. For that financial year TOWN HOTEL recorded revenue of € 12.7 million and equity of € -5.9 million. Compared with financial year 2024, the result moved from € -520,199 to € -267,192. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ -5.9 million
▼ € 267,192 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -267,192
▲ 49 % less loss than in 2024
Profit after tax over the fiscal year.
€ 70,060
▼ 5% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8.7 million.
People and assets in 2025
81.5
▼ 5.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.5 million
▲ 1% vs 2024
€ 55,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.4 million
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 28.5 million
Loans from banks and other lenders, long and short.
€ 684,603
▲ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 42 days on average.
€ 760,626
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,910,696 | € 13,770,944 | € 13,162,525 | € 12,716,025 | ▼ 3% |
| Profit after taxes | € -372,513 | € -367,819 | € -520,199 | € -267,192 | ▲ € 253,006 |
| Equity | € -4,754,162 | € -5,121,980 | € -5,642,179 | € -5,909,372 | ▼ € 267,192 |
| Total debts | € 27,830,727 | € 31,136,330 | € 30,935,427 | € 31,113,584 | ▲ 1% |
| Cash | € 83,614 | € 73,851 | € 73,932 | € 70,060 | ▼ 5% |
| Land & buildings | € 5,787,682 | € 5,553,277 | € 5,529,742 | € 5,550,123 | |
| Retained profit | € -7,571,927 | € -7,939,746 | € -8,459,945 | € -8,727,137 | ▼ € 267,192 |
| Bank debt | € 25,175,756 | € 28,450,000 | € 28,450,000 | € 28,450,000 | |
| Balance sheet total | € 23,127,514 | € 26,067,897 | € 25,346,795 | € 25,204,212 | ▼ 1% |
| Employees (FTE) | 76.2 | 91.1 | 86.7 | 81.5 | ▼ 5.2 |
Key figures of TOWN HOTEL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TOWN HOTEL?
What happened at TOWN HOTEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jonas Törner stepped down as director. NBB
- Anneli Lindblom stepped down as director. NBB
- Lars Häggström stepped down as director. NBB
- Kanri Hotel Management BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 267,192. Source: NBB ↗
- Jonas Törner became a director. NBB
- Anneli Lindblom became a director. NBB
- Lars Häggström became a director. NBB
In short
From € 372,513 loss in 2022 to € 267,192 loss in 2025.
Paid € 3,823 in corporate taxes since 2022.
Pays suppliers within 42 days on average.
Management
The stake of LE NOUVEAU PALACE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TOWN HOTELThe shares are held by LE NOUVEAU PALACE (6.7%).
Directors
According to the 2025 annual accounts
Lars Häggström
Director
Also active at: HOLCRO, LE NOUVEAU PALACE, SWISS HOTELS LEASING COMPANY, Grand Hotel of Brussels, PANDOX ROYALE, IMMO HOTEL BCC, PANDOX CHARLEMAGNE, Pandox Holidaystraat +3 more
since 2021 · until 2027
Kanri Hotel Management BV
Managing director · represented by Aldert Schaaphok
Also active at: HOLCRO, SWISS HOTELS LEASING COMPANY, Grand Hotel of Brussels, PANDOX ROYALE, Pandox RMC, PANDOX CHARLEMAGNE, Pandox Holidaystraat, ELBA BELGIUM HOLDING
since 2021 · until 2027
since 2022 · until 2028
Jonas Törner
Director
Also active at: HOLCRO, SWISS HOTELS LEASING COMPANY, Grand Hotel of Brussels, PANDOX ROYALE, IMMO HOTEL BCC, Pandox RMC, PANDOX CHARLEMAGNE, Pandox Holidaystraat +3 more
since 2024 · until 2030
Shareholders
6.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Karel Rogierplein 20
1210 Sint-Joost-ten-Node
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.378.839
- VAT number
- BE 0437.378.839
- Registered office
- Karel Rogierplein 20, 1210 Sint-Joost-ten-Node
- Names & denominations
- TOWN HOTEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 April 1989
- Peppol
- Active · Active since 25 Aug 2025
- Activities · NACE
Hotels en dergelijke accommodatie
Hotels en motels, met restaurant
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening